CA > Avalon
Avalon, CA 90704,321 Tremont ST
Avalon, CA 90704,321 Tremont ST
Avalon, CA 90704,321 Tremont ST
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John Herkenrath

John Herkenrath

+1(310) 221-2910
$10,750,000
Est. payment /mo
90 Beds
88 Baths
58,700 SqFt
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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 58,700 sqft

Price per Sqft $183

MLS Listing ID 25545553

Bedrooms 90

HOA Y/N No

Year Built 1983

Lot Size 1.418 Acres

Property Description

321 Tremont Street spans approximately 58,700 square feet across five two-story buildings and sits on a 61,768 SF leasehold lot. Built in 1983, the property features a highly desirable unit mix of (10) 1-Bed/1-Bath, (37) 2-Bed/2-Bath, and (15) 3-Bed/2-Bath units. Community amenities include on-site laundry, a children's playground, and shared open-air gathering areas. The property is 100% occupied with a tenant waitlist exceeding 30 years and receives full rent collections through a HUD HAP contract offering investors guaranteed income, minimal management, and strong retention. With annual rent escalations and five-year market rent resets, the asset offers long-term upside with stable in-place cash flow. Positioned in one of Southern California's most supply-constrained and sought-after rental markets, 321 Tremont presents a rare opportunity to acquire an institutional-quality multifamily asset with reliable returns in a uniquely irreplaceable coastal location.

Location

State CA

County Los Angeles

Area 1C - Catalina

Zoning AVU

Interior

Fireplace No

Exterior

Total Parking Spaces 70

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 7480002071

Special Listing Condition Standard

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CRMLS – RECore
Listed by Tony Azzi Tony Azzi
John Herkenrath

"John takes great pride in helping his clients through every step of the buying and selling process. Leveraging two decades of experience in pre-construction, new home sales and market sales exclusive representation. his vast knowledge in brokering home sales within luxury communities and new developments has proven invaluable to his clients."

+1(310) 221-2910

johnherkenrath@epiquerealty.com

8383 Wilshire Blvd #800 Beverly Hills CA 90211

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